\n\u00cen prezent, administratorii fondurilor de pensii pot investi p\u00e2n\u0103 la 70% din valoarea activelor unui fond \u00een titluri de stat, p\u00e2n\u0103 la 30% \u00een obliga\u0163iuni \u015fi alte valori mobiliare emise de autorit\u0103\u0163ile administra\u0163iei publice locale sau din UE \u015fi p\u00e2n\u0103 la 50% \u00een valori mobiliare tranzac\u0163ionate pe pie\u0163e reglementate \u015fi supravegheate din Rom\u00e2nia sau din UE.<\/p>\n
\nConform ASF, fondurile de pensii private au investi\u0163ii de 2,73 mld. lei \u00een companii listate la BVB. La sf\u00e2r\u015fitul lunii iunie, fondurile de pensii private obligatorii (pilonul II) \u015fi facultative (pilonul III) aveau \u00een total active nete \u00een administrare \u00een valoare total\u0103 de aproape 17,5 mld. lei (4 mld. euro).<\/p>\n
\n\u00cen acela\u015fi timp, confedera\u0163ia sindical\u0103 Cartel Alfa a cerut guvernului s\u0103 legifereze ca participan\u0163ii la fondurile private de pensii s\u0103 aib\u0103 garantat un randament care s\u0103 acopere m\u0103car contribu\u0163iile pl\u0103tite de salaria\u0163i la pensiile private. Satisfacerea unei astfel de cereri ar \u00eensemna evident o limitare a gradului de risc al plasamentelor f\u0103cute de fondurile de pensii, \u00een condi\u0163iile \u00een care plasamentele cu cel mai sc\u0103zut grad de risc sunt titlurile de stat.<\/p>\n
\nGuvernul inten\u0163ioneaz\u0103 s\u0103 modifice legisla\u0163ia, \u00een acord cu Comisia European\u0103 \u015fi FMI, astfel \u00eenc\u00e2t fondurile de pensii private s\u0103 fie stimulate s\u0103-\u015fi diversifice plasamentele de la titluri de stat spre pia\u0163a de capital. Premierul Victor Ponta a anun\u0163at recent c\u0103 a optat pentru aceast\u0103 variant\u0103 \u00een locul na\u0163ionaliz\u0103rii par\u0163iale sau totale a fondurilor de pensii private, dup\u0103 exemplul Poloniei sau al Ungariei.<\/p>\n
\nUltimele dou\u0103 scrisori de inten\u0163ie convenite cu FMI \u015fi Comisia European\u0103, din noiembrie 2013 \u015fi februarie 2014, men\u0163ioneaz\u0103 planul unei analize a impactului fondurilor de pensii private obligatorii (pilonul II) <\/strong>\u00een “sustenabilitatea \u015fi adecvarea sistemului de pensii \u015fi asupra dezvolt\u0103rii pie\u0163ei de capital”, plan ce ar putea cuprinde “op\u0163iuni de reducere \u00eentr-un mod neutru pentru buget a poverii fiscale” reprezentate de contribu\u0163iile virate la pilonul II.<\/p>\n","protected":false},"excerpt":{"rendered":" Autoritatea de Supraveghere Financiar\u0103 (ASF) a anun\u0163at c\u0103 vrea s\u0103 revizuiasc\u0103 politica de investi\u0163ii a fondurilor de pensii private, spre a le determina s\u0103 aloce procente mai mari spre investi\u0163iile \u00een economie, “\u00een sensul cre\u015fterii ponderii de\u0163inerilor de instrumente financiare precum ac\u0163iuni listate \u015fi obliga\u0163iuni corporative”.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[7172,9323,16199,30344,7216,16427,7433,8839,149,7285,369,7204,7223,15420,9184,17988],"class_list":["post-109795","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-actiuni","tag-active","tag-anunt","tag-asf","tag-bursa","tag-cartel-alfa","tag-fmi","tag-fonduri-de-pensii","tag-investitii","tag-legislatie","tag-obligatiuni","tag-pensii-private","tag-piata-de-capital","tag-ponta","tag-risc","tag-titluri-de-stat"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/109795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109795"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/109795\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}